Cotton & Western Mining Inc. (CWRN)

[mouths2feed]

Assuming it turns out guilt is proven, I'll expect to get notices from law firms about a class action suit!

 Maybe we shoul file a shareholder suit against the FBI!

Some interesting points - the "sting" program (involving Cotton), according to the press releases, occurred in March 2010, yet they say they didn't even start the program until 9 months later!

"first announced in December 2010 and designed to combat securities and investment fraud and protect the interests of the investing public.

“The fraud from these stock market manipulation schemes could have defrauded numerous innocent investors out of millions of dollars. Because the FBI and our partners were able to disrupt these schemes early on through our undercover operations, the investing public was protected,” 

From the Florida court document:

Plaintiff Securities and Exchange Commission alleges as follows: 
I. INTRODUCTION 
1. From February through March 2010, Defendants Robert L. Cotton and 
Cotton & Western Mining, Inc. engaged in a fraudulent market manipUlation scheme 
involving Cotton & Western's stock. 
2. Through a middleman, the Defendants paid a bribe to a purported corrupt 

So, if the fraudulent activity occurred In March and the authorities didn't act until now, AND the perp was allowed to continue his fraudulent activity during that time, then the gov'ment should be held liable for dereliction of duty and forced to cover the losses of those investors who were allowed to be deceived due to their inaction.  Of course, this is the same administration who refuses to prosecute perpetrators of voter intimidation, refuses to enforce immigration laws, refuses to uphold the Defense of Marriage Act, etc., so I guess dereliction of duty, which under normal circumstances could be an impeachable offense, is the modes operandi under this administration!

Thanks to the staunch believers who picked up 2MM shares from me this morning.  I guess an 85% loss is better than 100%!   I'm gonna just stay away from the pennies for a while!